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Forums › ACCA Forums › ACCA FA Financial Accounting Forums › Company accounts
1. A company issues 100,00 3% $1 irredeemable preferrence shares at 98c per share. What is the correct entry to account for this transaction?
2. A company issues 100,00 3% $1 redeemable preferrence shares at 98c per share. What is the correct entry to account for this transaction?
Many thanks for your answers.
